.Everyone agrees that investing in the future is expensive, but we have to do it because society tells us to and it’s worth it in the end. Be it a college education, a house or a vehicle, sometimes a loan is the only option to get what you want when you’re browsing for an expensive item. As a young dude, it can seem almost impossible to get approval for a loan without mom and dad’s support. That’s why understanding the ins and outs of the loan process can be essential to getting that check from the bank on your own.
That’s where California hard money comes in. It’s like a regular loan, but not with the same kind of prices and it can be a little daunting, but if you can understand it, you can understand anything. Consider talking to private money lenders California instead of mom and dad.
When thinking about getting a loan, it’s smart to try and look at the situation from the bank’s perspective. To the bank, loans are not a minor source of revenue, so they take it very seriously. The bank cuts you a check for a certain amount of money (this is called principal – you might want to get a dictionary), and you give the bank that same amount of money back as well as the interest that is charged for the privilege of letting you have that money. Interest payments are the lifeblood of most banks. Understanding that is the first step to moving out of the garage.
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701
About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.